(Bloomberg) -- Crude extended a weekly drop as traders weighed the outlook for slower easing by the Federal Reserve and Donald Trump’s tariff threat on EU countries unless they buy more US oil and gas.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalRescuing a Little-Known Modernist Landmark in BuffaloBrent futures fell tow
Fed's Preferred Inflation Gauge Falls More Than Expected: Markets Breathe Sigh Of Relief
The Federal Reserve’s key inflation measure came in below expectations for November, delivering welcome relief Friday to markets after the central bank warned earlier this week of mounting price pressures heading into the new year. The Personal Consumption Expenditures price index grew by 2.4% in November 2024 on a year-over-year basis, up from 2.3% in October, according to government data. The figure missed economist forecasts of 2.5%, yet it marked the second consecutive monthly increase in th
Why Trump’s bull stampede in markets is just starting: Former TD Ameritrade CEO
Former TD Ameritrade CEO Joe Moglia stops by to share why investors have plenty to be excited about regarding Trump 2.0 markets.
Fed's preferred inflation gauge shows price increases fell in November
November's Personal Consumption Expenditures report is the latest data point that will shape future monetary policy.
Bitcoin plunges back below $95,000
Bitcoin sunk below $92,000 early Friday before recovering some ground, on the heels of the Federal Reserve signaling a slowdown in interest rate cuts for 2025.
Fed’s Daly Says She’s ‘Very Comfortable’ With Two 2025 Rate Cuts
(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said she is “very comfortable” with policymakers’ median projection of two interest-rate cuts next year, emphasizing the central bank can turn to a slower approach.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landm
Oil falls on demand growth concerns, robust dollar
LONDON (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 3%. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China's crude imports could peak as soon as 2025 and the country's oil consumption would peak by 2027 as diesel and gasoline demand weaken. "Benchmark crude prices are in a prolonged consolidation phase as the market heads towards the year-end weighed by uncertainty in oil demand growth," said Emril Jamil, senior research specialist at LSEG.